How much can you get after age 60 by paying $200 a year for NRIC and is it enough to retire in your old age?

Paying 200 yuan a year for the new rural cooperative pension insurance, how much money can I get after 60 years old? Probably between 150 and 200 yuan per month pension, the current new rural cooperative pension annual payment of 200 yuan, this contribution is determined, pay 15 years is a minimum contribution period, of course, pay 15 years on the basis of you can continue to cumulative payment, when the balance of the pension account is more, after the age of 60 years old can receive the pension will also be more.

The annual contribution of 200 yuan, all credited to the personal account. Paying 200 yuan a year for the NPS, the NPS entitlement is actually based on state subsidies and individual contributions, and mainly consists of two parts: the basic pension and the individual account pension.

The portion of their personal contributions are all credited to their personal accounts, and in fact, the funds paid by the individual is 3,000 yuan, and the state subsidy is 600 yuan. Collective subsidies, the conditions of the village collectives should be subsidies for the contributions of participants, the subsidy standard by the village committee of villagers held a meeting of the villagers to determine democratically, and to encourage other economic organizations, social welfare organizations, and individuals to provide financial support for the contributions of the participants.

Government subsidies, the government to meet the conditions of the participants to pay the full amount of the new rural insurance basic pension. The local government shall subsidize the contributions of the participants, and the standard of subsidy shall not be less than 30 yuan per person per year, including (annual contribution of 100 yuan, subsidy of 30 yuan, annual contribution of 200 yuan, subsidy of 35 yuan, annual contribution of 300 yuan, subsidy of 40 yuan, annual contribution of 400 yuan, subsidy of 45 yuan, and annual contribution of 500 yuan, subsidy of 50 yuan,) for the participants who choose to pay more than 600 yuan of the payment grade, with reference to the annual contribution of 500 yuan contribution bracket will be subsidized. At the same time, the state subsidy of about 35 yuan per year, the annual contribution of 200 yuan, plus the state subsidy, the actual funds credited to the personal account of 235 yuan per year, if the payment of 15 years, the personal account funds for 3600 yuan.

In fact, the basic pension of urban and rural residents' pension insurance part, the state and local governments, according to the economic development and price increases, every year in the adjustment to improve, basically the establishment of the normalization of the adjustment mechanism, according to the annual adjustment of the rise of 10 yuan, 15 years later, the basic pension in most places may reach about 300 yuan to 500 yuan, some places can reach 1,000 yuan. The basic pension in most places after 15 years may reach about 300 to 500 yuan, and in some places it may reach more than 1000 yuan. So the concept of paying the NPS now and paying the NPS in the past is completely different.

While still paying 200 yuan a year, the level of retirement pension is completely different from that of 15 years later, and due to social and economic development, it is possible to double the level of pension on the basis of the current one. Due to the payment of urban and rural residents pension insurance personnel, the retirement age of 60 years of age, personal account pensions are issued for 139 months. Accordingly, the individual account pension can be derived as 4600/139 = 33 yuan. The two parts together, 88 + 33 = 121 dollars. But to the above said the future of the pension every year there will be a basic upward adjustment, individual areas of economically developed, pension upward adjustment amplitude is a little bigger, the year of the government will also have subsidies, is expected to reach 150-200. a year of roughly 2,000 yuan or so.